Binance SAFU Fund Completes $1B Bitcoin Purchase at Average Price Near $70,000
- Binance announced the SAFU fund has completed its $1 billion stablecoin-to-Bitcoin conversion and now holds 15,000 BTC.
- The SAFU purchases were made in multiple stages, with an average price near $70,000 per BTC.
The world’s largest crypto exchange, Binance’s Secure Asset Fund for Users (SAFU), has completed its planned conversion of $1 billion in stablecoin reserves into Bitcoin, with Arkham Intelligence tracking a recent transfer of 4,545 BTC, valued at about $304.6 million, into the SAFU wallet. The move follows earlier deposits and brings the fund’s total holdings to around 15,000 BTC, valued at over $1 billion at the current price of $67,138.
The latest transfer is part of a broader initiative Binance announced on January 30, 2026, to convert up to $1 billion of the SAFU fund’s stablecoin reserves into Bitcoin over approximately 30 days. The conversion has been executed through a series of on-chain transfers, with the most recent one adding a large tranche to the fund’s BTC balance.
Earlier Purchases and Total Holdings
Earlier in the month, Binance moved 1,315 BTC (about $100 million) into the SAFU wallet as part of the initial stages of the conversion plan. In the following days, the fund received additional tranches including 3,600 BTC (about $233 million) and 4,225 BTC (about $299.6 million), increasing the reserve’s Bitcoin balance.
(Source: Arkham)
The SAFU fund was created as an emergency reserve to protect users in the event of security incidents or operational failures. The recent Bitcoin purchases shift a substantial portion of those reserves into BTC from stablecoins.
At the time the conversion was completed, the total value of SAFU’s Bitcoin holdings was approximately $1.005 billion, using a BTC price of about $67,000. However, Binance’s announcement noted the staggered nature of the purchases and the blended average price, but did not include additional commentary beyond the completion of the plan.
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